ENGLEWOOD, Colo. and BLOOMINGTON, Ill. - The acquisition by ConvenienTV of Kahuna Media Network will create a network of more than 300 locations, able to deliver advertising content through PC-based ATM machines to more than 300,000 consumers daily.
ConvenienTV, based in Englewood, Colo., said in a news release that the merger is timed to take advantage of the growth in out-of-home advertising. The combined company, which will be called ConvenienTV, expects to grow the network to 1,000 sites by the end of 2001.
Kahuna, based in Bloomington, Ill., has an established network of sites at convenience stores and gas stations near Chicago. Kahuna's Chicago headquarters will become a regional sales office for the merged company.
Details of the transaction were not disclosed.
